AI16z gains 23%, Franklin Templeton sees promise in AI-Crypto projects
aixbt by Virtuals Markets surged over 50% in a day
Virtuals Protocol and AI16z lead crypto market recovery as Franklin Templeton highlights AI-Crypto synergy
According to CoinGecko, on January 14, AI agents, related meme coins, and protocols used for creating these agents ranked among the top five best-performing crypto assets.
In the top 100 cryptocurrencies by market capitalization, AI16z and Virtuals Protocol recorded some of the strongest performances, with 24-hour gains of 23% and 17%, respectively. Another token, aixbt by Virtuals Markets, surged over 50% in a day, reaching an all-time high of $0.666.
Vast potential and great uncertainty
AI16z has recently gained attention due to backing from the namesake venture capital firm and plans to develop a layer-1 blockchain with its own cryptocurrency.
Virtuals Protocol, powered by the Ethereum layer-2 Base network and represented by the VIRTUAL token, supports various AI-based projects, including metaverses and platforms for processing large datasets.
While debates about the potential of AI-crypto crossover projects continue within the crypto community, Franklin Templeton Digital Assets endorsed the segment in a Tuesday note, emphasizing its investment potential.
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"Although these agents are not yet fully autonomous and offer limited value in their current state, this emerging sector holds significant promise and deserves close attention as it develops and matures," the note stated.
The AI-powered investment platform ai16z, which has rapidly gained prominence in the Web3 space, is considering a major shift in its tokenomics and infrastructure. According to a recent governance forum post, contributors are exploring the creation of a dedicated layer-1 (L1) blockchain with $ai16z as its native currency.
